Maverick Capital Ltd. Lowers Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Maverick Capital Ltd. lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 7.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 213,763 shares of the Wireless communications provider’s stock after selling 16,957 shares during the period. Maverick Capital Ltd.’s holdings in T-Mobile US were worth $37,661,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in shares of T-Mobile US by 200.0% during the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock worth $1,020,116,000 after acquiring an additional 4,241,877 shares during the period. Putnam Investments LLC grew its stake in T-Mobile US by 74.6% in the fourth quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock worth $631,575,000 after purchasing an additional 1,682,743 shares in the last quarter. Vanguard Group Inc. increased its holdings in T-Mobile US by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock worth $7,351,811,000 after purchasing an additional 1,667,778 shares during the period. Clearbridge Investments LLC raised its position in T-Mobile US by 18.8% during the 1st quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock valued at $596,159,000 after purchasing an additional 578,348 shares in the last quarter. Finally, Capital International Investors lifted its holdings in shares of T-Mobile US by 27.1% in the 4th quarter. Capital International Investors now owns 2,660,314 shares of the Wireless communications provider’s stock worth $426,528,000 after buying an additional 567,390 shares during the period. Institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. TD Cowen raised their price target on T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Benchmark raised their target price on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Oppenheimer upped their price target on shares of T-Mobile US from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Wells Fargo & Company lifted their price objective on shares of T-Mobile US from $200.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Finally, The Goldman Sachs Group began coverage on T-Mobile US in a report on Monday, July 1st. They set a “buy” rating and a $200.00 target price for the company. Eighteen analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $211.92.

T-Mobile US Trading Down 0.0 %

NASDAQ TMUS opened at $203.25 on Friday. T-Mobile US, Inc. has a 12-month low of $135.82 and a 12-month high of $208.16. The company has a fifty day simple moving average of $193.47 and a two-hundred day simple moving average of $177.31. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. The stock has a market cap of $238.18 billion, a P/E ratio of 27.65, a P/E/G ratio of 1.07 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. The company had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.86 EPS. On average, analysts forecast that T-Mobile US, Inc. will post 9.13 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio is 47.89%.

Insiders Place Their Bets

In related news, Director Raul Marcelo Claure sold 132,309 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the completion of the transaction, the director now owns 1,551,204 shares of the company’s stock, valued at $305,183,874.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $194.57, for a total value of $3,891,400.00. Following the sale, the chief executive officer now owns 418,124 shares in the company, valued at approximately $81,354,386.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Raul Marcelo Claure sold 132,309 shares of T-Mobile US stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the transaction, the director now directly owns 1,551,204 shares of the company’s stock, valued at $305,183,874.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 306,492 shares of company stock valued at $60,078,776. 0.67% of the stock is owned by insiders.

About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.